Hapag-Lloyd welcomes new LNG-powered giant in its fleet

Hapag-Lloyd

Germany’s Hapag-Lloyd has taken delivery of a new ultra-large LNG-powered containership from South Korea’s Hanwha Ocean.

Hanwha Ocean, previously known as DSME, said in a statement on Friday it has delivered the 23,660-teu Singapore Express.

This is the fifth of twelve Hapag-Lloyd’s ultra-large LNG-powered containerships Hanwha Ocean has on order.

The ship and its sister vessels feature an LNG fuel tank made of Posco’s high manganese steel.

Hanwha Ocean and steelmaker Posco jointly developed the tank named MCTIB (high manganese steel cargo tank independent type-B).

By using manganese, which is about ten times cheaper than nickel, the costs of the tanks are “drastically” reduced compared to existing fuel tanks which mainly use Invar (nickel alloy steel), aluminum, and stainless steel, Hanwha Ocean claims.

Hapag-Lloyd took delivery of the first LNG dual-fuel newbuild, Berlin Express, in June last year.

The company first ordered six LNG dual-fuel containerships from Hanwha Ocean in 2020, and it added six more sister vessels in 2021. The orders have a total price tag of about $2 billion.

Moreover, the German shipping firm will take delivery of the remaining vessels in 2024 and all of the vessels feature MAN ME-GI main engines.

They are about 400 meters long and 61 meters wide.

Besides newbuilds, Hapag-Lloyd operates the converted containership, Brussels Express, the world’s first ultra-large containership LNG retrofit.

This vessel recently completed what Hapag-Lloyd claims is the largest ship-to-ship bio-LNG bunkering operation in the Dutch port of Rotterdam.

Besides bio-LNG, Hapag-Lloyd is also working on a synthetic methane project as it looks to further reduce emissions from its fleet of LNG-powered containerships.

Source: Lngprime.com

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.